The Netherlands Issues List of Designated Developing Countries for 2021

The Dutch Ministry of Finance has issued a notice on the designated developing countries for 2021 for foreign tax credit purposes. In general, the Netherlands only allows a credit for foreign taxes withheld on dividend, interest, and royalty income from developing countries, although a credit may be provided under an applicable tax treaty. For 2021, the designated developing countries include the following:

Afghanistan, Angola, Benin, Bhutan, Bolivia, Burkina Faso, Burundi, Cambodia, Camero…